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Addison County/Starksboro/05487

05487

ZIPSAFMR
Addison County, VT
Zillow

ZIP Investment Score

120Above average

095130300
BRFMR
Eff. Rent
0 BR$1,350$1,350
1 BR$1,490$1,490
2 BR$1,930$1,930
3 BR$2,480$2,480
4 BR$2,840$2,840
5 BR$3,266Not available
6 BR$3,756Not available
7 BR$4,319Not available
8 BR$4,967Not available

Purchase Price Calculator

Maximum purchase price
$224,881

Cost breakdown

+Likely effective rent$1,930
HUD FMRUsed$1,930
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,137
Loan amount$179,905
Down payment$44,976
Rate6.50%
Term30 years
-Operating costs-$593
Property taxes-$225
Insurance-$175
Utilities$0
HOA$0
Management-$193
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,937(68.8% ROI)
Projected value
$242,172
Return breakdown
Property appreciation+$17,291
Loan principal paid down+$6,446
Rental cash flow+$7,200
5-year hold
+$53,045(117.9% ROI)
Projected value
$254,432
Return breakdown
Property appreciation+$29,551
Loan principal paid down+$11,494
Rental cash flow+$12,000
10-year hold
+$114,374(254.3% ROI)
Projected value
$287,866
Return breakdown
Property appreciation+$62,986
Loan principal paid down+$27,388
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 05487 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 05487 (Starksboro, VT) is $1,930 a month. That is up 10.3% from $1,750 in FY 2026. Starksboro is in the Addison County, VT non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,636. Among 24 ZIP codes in Addison County, 05487 is tied for the 6th-highest two-bedroom rent (county range $1,300–$2,450). The median county two-bedroom FMR in Vermont is $1,570, so ZIP 05487 is 23% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 05487
BedroomsFY 2027Change90–110% range
Studio$1,350+8.0%$1,215–$1,485
1BR$1,490+12.0%$1,341–$1,639
2BR$1,930+10.3%$1,737–$2,123
3BR$2,480+10.2%$2,232–$2,728
4BR$2,840+22.4%$2,556–$3,124

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 05487
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,350$1,490$1,930$2,480$2,840
FY 2026$1,250$1,330$1,750$2,250$2,320
FY 2025$1,210$1,300$1,700$2,160$2,270
FY 2024$1,260$1,350$1,770$2,240$2,360
FY 2023$1,170$1,270$1,660$2,040$2,230

Two-bedroom rent in nearby Addison County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 05487
05443$1,670−13.5%
05445$2,020+4.7%
05456$1,9300.0%
05461$2,200+14.0%
05462$2,120+9.8%
05469$1,640−15.0%
05472$1,680−13.0%
05473$2,110+9.3%
05487Current$1,930—
05491$1,670−13.5%
05669$1,630−15.5%
05733$1,660−14.0%

Questions about ZIP 05487 rents

How much will Section 8 pay for a two-bedroom in ZIP 05487?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,636, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,472 to $1,800 a month; under the ZIP-level Small Area FMR of $1,930 it would be $1,737 to $2,123. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 05487 in?

ZIP 05487 is in the Addison County, VT non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,636.

How much did fair market rent change in ZIP 05487 for FY 2027?

The two-bedroom FMR rose 10.3%, from $1,750 in FY 2026 to $1,930 in FY 2027. Since FY 2023 it has risen 16.3%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentStarksboro, VT fair market rentVT statewide rentsWhat is SAFMR?Data sources